ITINs have become increasingly prevalent in the U.S. tax landscape. Millions of individuals rely on ITINs to fulfill their tax obligations. These taxpayers collectively contribute billions of dollars annually to the U.S. economy by paying federal, state, and local taxes.
While specific statistics can fluctuate, ITIN holders have a significant impact on the tax system. By understanding the scale of ITIN usage, policymakers and taxpayers can better appreciate the importance of these numbers.